Washington:
Elon Musk said Thursday that his work as the main cost cutter for the Trump administration would produce $ 150 billion in savings, a significant reduction of previous estimates that had reached up to $ 2 billion.
“I am excited to announce that we anticipate the savings in fiscal year 2026 of the reduction of waste and fraud at $ 150 billion,” Musk told the president of the United States, Donald Trump, at a meeting of the White House cabinet that was open to the media.
Musk, the richest person in the world, said the cuts “will actually result in better services for the American people.”
Tesla’s tycoon, who is Trump’s advisor by abruptly reducing federal expenditure, had recently stated that the savings achieved by his government efficiency department would be a billion dollars.
The role of Musk in the White House, which is scheduled to end next month, faces criticism in part because their companies have had huge contracts of the United States government.
The Doge reform team has also caused an alarm among critics by obtaining access through the United States Treasury to confidential data.
At the cabinet meeting, Trump said the Musk Dogle teams were “fantastic” and urged them to stay in their place so that the “long journey” would carry out more costs.
(Except for the headline, this story has not been edited by NDTV staff and is published from a union feed).
